Ad-hoc | 7 January 2002 07:59

DataDesign AG english

DataDesign AG Takes Over Brokat’s Finance Division Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– DataDesign AG Takes Over Brokat’s Finance Division Omikron Acquires a Strategic Stake in DataDesign Munich/Stuttgart – DataDesign AG signed an agreement to take over Brokat’s E-Finance division covering the regions of Germany, Austria, Switzerland and Eastern Europe. The operation is set to change hands on January 15, 2002. The deal was concluded Friday night in Stuttgart. The companies declined to divulge details on the purchase price.Included in the transaction are all rights to Brokat’s E-Finance products, the rights to the brand name Brokat, customer maintenance and license agreements, as well as hardware and software. The Stuttgart site and its 40 employees will henceforth operate under the name of DataDesign Stuttgart GmbH as a wholly-owned subsidiary of DataDesign AG. The short-term goal of the company is to continue to provide customer support for Brokat E-Finance products, including the Twister platform in a bid to protect customer’s prior investments and to enable access to future technologies. With this takeover, DataDesign AG is clearly extending its front-runner position as the leading provider of standard e-banking products.In a related development, Omikron acquired an equity stake of roughly 8% in DataDesign AG. Plans are already underway to increase the strategic stake within the next 12 month. The aim of this strategic investment is to provide the underpinning for pan-European cooperation between Omikron, the market leader in corporate customer Internet banking, and DataDesign AG, the market leader in retail Internet banking. The mid-term goal is to converge the two enterprises’ know-how on a single platform and thus provide the optimum e-banking solution to banks. To implement this transaction, the company will carry out a nonmonetary capital increase using authorized capital. To this end, approximately 1,000,000 new shares will be issued to strategic investors. The company is also set to increase cash capital using authorized capital from DataDesign AG’s common stock in the amount of 614,000 shares. Owing to its renewed focus on the banking market, DataDesign AG will divest itself of its stake in the two enterprises 4- PrivateEquity GmbH and 4-Insurance GmbH. end of ad-hoc-announcement (c)DGAP 07.01.2002 ——————————————————————————– WKN: 552 710; ISIN: DE0005527105; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, München, Hannover und Stuttgart 070759 Jän 02